Predictive Maintenance Market – Global Forecast to 2031
The predictive maintenance market is set to reach $79.1 billion by 2031, growing at a CAGR of 30.9% from 2024 to 2031. Key factors driving this growth include the need to reduce maintenance costs, enhance asset performance, and the increasing use of predictive maintenance in sophisticated infrastructure systems. The market also anticipates significant growth opportunities from the expansion of predictive maintenance applications in healthcare devices and navigation systems.